Resignation Letter Received Mr. Umesh Chandra Sahoo as Executive Director and Ms. Rashi Saraf as Independent Director
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Teesta Agro Industries Ltd has informed BSE about two director resignations. Mr. Umesh Chandra Sahoo (DIN: 00550108), Executive Director, resigned effective April 10, 2025, citing personal reasons. Ms. Rashi Saraf (DIN: 10125808), Independent Director, resigned effective April 11, 2025, citing marriage and relocation to another city. Both letters were submitted within a day of each other, and the board is expected to formally record the resignations at its next meeting. Both directors confirmed there are no other material reasons behind their exits. The company has not yet announced replacements.
Two board exits in quick succession — including an Executive Director (a Key Managerial Personnel) and an Independent Director — may raise short-term governance concerns for shareholders. Investors should watch for updates on board reconstitution, as the company will need to fill these positions to maintain compliance with minimum director requirements.